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Haya’s Bondholders & Cerberus Reach an Agreement

The two parties will extend the maturity of the debt until 2025 in exchange for raising the interest to be paid/received.

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Cerberus, the owner of Haya Real Estate, and the servicer’s creditor bondholders have reached an agreement regarding the debt, according to Cinco Días.

After weeks of negotiations, the two parties have reached an agreement to extend the maturity of the bonds until 2025 in exchange for raising the interest rate from 5% to 7% and giving bondholders access to the company’s capital. Cerberus’s intention is to maintain control of Haya, but it may cede a small stake in the company or grant certain warrants.

Read the full article in Spanish.

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